Rental market snapshot for Lake Point Condominiums, Garland

Lake Point Condominiums rental market summary

The rental market in Lake Point Condominiums, Texas is showing signs of growth. In July 2023, there were 16 new listings, indicating an increase in demand for rental properties in the area. The median rent in July 2023 was $1,074, an 8.0% increase from the median rent in June 2023 and a 4.9% increase from the median rent in July 2022. This suggests that the rental market in Lake Point Condominiums is becoming increasingly competitive, as more people are looking to rent in the area.

Overall, the rental market in Lake Point Condominiums is showing positive signs of growth. The increasing number of new listings and the steady rise in median rent indicate that the area is becoming increasingly attractive to renters. With the right strategies in place, landlords in the area can take advantage of the growing rental market and maximize their returns.

Median rent for all residential properties in Lake Point Condominiums

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The most expensive listings and top trending buildings in Lake Point Condominiums

Most Expensive Listings

AddressRent PriceBed / Bath
5806 Marvin Loving Dr #109$1,5502 / 2.0
4605 Chaha Rd$1,4542 / 2.0
6010 Marvin Loving Dr #101$1,2951 / 1.0
4605 Chaha Rd$1,0741 / 1.0
4605 Chaha Rd$9741 / 2.0

Top Trending Buildings

building nameavg rent price
Zillow$1,495

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Bedroom Breakdown in Lake Point Condominiums

Studio
$963
MEDIAN RENT
1 Bedroom
$1,495
MEDIAN RENT
2 Bedroom
$1,500
MEDIAN RENT

Lake Point Condominiums neighborhood apartments rents

The rental market for studios in Lake Point Condominiums, Texas, appears to be relatively stable. In October 2021, there was only one new studio listing, indicating that the market is not experiencing a large influx of new rental units. The median rent for studios in October 2021 was $963, which suggests that the rental market is not experiencing significant changes in pricing. Unfortunately, no data is available for the median rent in September 2021, so it is not possible to determine the percent change in rent from September 2021 to October 2021. Overall, the rental market for studios in Lake Point Condominiums, Texas, appears to be relatively stable.

The rental market for 1-bedroom apartments in Lake Point Condominiums, Texas is expected to remain relatively stable in September 2022, with only one new listing. The median rent for 1-bedroom apartments is estimated to be $1,495, which is unchanged from July 2022. Overall, the rental market for 1-bedroom apartments in Lake Point Condominiums, Texas is expected to remain steady in the coming months.

The rental market for 2-bedroom apartments in Lake Point Condominiums, Texas appears to be stable, with only two new listings in May 2022. The median rent for 2-bedroom apartments in May 2022 is $1,500, indicating that the rental market is not experiencing any significant changes. Unfortunately, no data is available for April 2022, so it is not possible to determine the percent change in rent from April to May. Overall, the rental market for 2-bedroom apartments in Lake Point Condominiums appears to be stable.

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Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in Lake Point Condominiums is $1,074.
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